IPM Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022 at 02:32 am EDT
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IPM Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 1.59 million compared to PHP 1.05 million a year ago. Revenue was PHP 103.55 million compared to PHP 107 million a year ago. Net income was PHP 23.54 million compared to PHP 28.84 million a year ago. Basic earnings per share from continuing operations was PHP 0.034 compared to PHP 0.042 a year ago.
For the nine months, sales was PHP 4.35 million compared to PHP 2.95 million a year ago. Revenue was PHP 255.04 million compared to PHP 244.9 million a year ago. Net income was PHP 33.95 million compared to PHP 36.51 million a year ago. Basic earnings per share from continuing operations was PHP 0.049 compared to PHP 0.053 a year ago. Diluted earnings per share from continuing operations was PHP 0.049 compared to PHP 0.053 a year ago.
IPM Holdings, Inc. is a Philippines-based company. The Company is engaged in the business of investment to own, hold, use, sell, assign, transfer, mortgage, pledge, exchange or otherwise dispose of real and personal property of every kind and description, and to manage any business, joint venture, firm partnership, corporation, institution or entity or otherwise act as holding or management corporation thereof. The Companyâs subsidiary, Basic Environmental Systems and Technologies, Inc. (BEST), is engaged in a contracting and consulting business for waste management, cleansing, sanitation and general hygiene to provide comprehensive waste disposal services. The Company operates through two segments: investment holding and service.
IPM HOLDINGS, INC. 
